SOURCE: PBS Holding, Inc.
LONGWOOD, FL--(Marketwire - Jan 3, 2013) - PBS Holding, Inc. (PINKSHEETS: PBHG), (the "Company"), today released a letter to shareholders from its President, Bobby Varma. In the letter, Mr. Varma summarizes significant occurrences within the Company this year and cites goals for 2013.
This past year has been an eventful one for PBS Holding, Inc., and I want to draw your attention to some milestones that have occurred.
First, in January, your Company underwent a complete change of executive management and membership of its board of directors in order to refocus and reposition the Company in its marketplace.
Second, we relocated the Company from Texas to Florida where its new officers and directors reside:
PBS Holding, Inc.
610 Crown Oak Centre Drive
Longwood, Florida, 32750
Third, as of today's date, we have restructured the amount of debt being carried by the Company with a significant reduction in the amount of long-term debt owed to third parties. (This reduction will be reflected in our December 31, 2012 quarterly financial statements which will be posted on OTCMarkets.com after year-end.)
Fourth, going forward in 2013 our first objective will be to increase shareholder value through the rapid growth of the sales and marketing of our "De Vie Sun" beverage product. We have been putting considerable effort this year into establishing its sales and marketing program, with the intent of distributing it nationally through a network of home-based resellers. We believe distribution will scale fast so that our distribution footprint will quickly become broad. We are already gearing up for significant production to meet demand in what we believe will be a continuing growing market for healthy non-alcoholic beverages.
By this letter we wish to signal the markets that we are a renewed enterprise, intent on executing a strategy for the benefit of our investors that is more aggressive in scope than what previously existed.
In the coming weeks and months I look forward to providing you with further updates on our Company and the progress that we are making.
Very truly yours,
PBS Holding, Inc.
About PBS Holding, Inc.
PBS Holding, Inc. through its direct sales group, recently launched, "De Vie Sun," which is translated, "Healthy Life." This product is the first to be introduced by the Company which is focusing on the development, marketing and distribution of nutritional and functional beverages for consumers. The Company is marketing this product through the home-based direct sales channel.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.